Banking & Finance

State Bank of Pakistan (SBP) has awarded an Islamic banking licence to Faysal Bank Limited, which is now Pakistan's second-largest fully-fledged Islamic bank under the...

Engro Corporation Limited said on Thursday that it will repurchase 70 million of its own shares at an anticipated cost of Rs20 billion in order...

According to its most recent notice to the Pakistan Stock Exchange, Pakistan Refinery Limited would be closed for roughly twenty days beginning on December 10....

The State Bank of Pakistan (SBP) has prevented the repatriation of airline funds totaling $225 million. If the central bank continues to deny payments to...

TransferWise (also known as Wise), a popular financial service used by freelancers to transfer payments to Pakistani accounts, is temporarily blocked by a number of...

Tuesday, Finance Minister Ishaq Dar said that the Asian Infrastructure Investment Bank (AIIB) has transferred Rs500 million to Pakistan's State Bank (SBP). "AIIB transferred $500...

The Pakistan Stock Exchange’s benchmark KSE-100 index plummeted nearly 800 points on Monday, with the slump being ascribed to the central bank’s surprise move to...

U Microfinance Bank (U Bank), Pakistan's fastest-growing microfinance bank, has been granted a commercial licence to deliver comprehensive Islamic Banking services throughout Pakistan. U Bank...

With a free-float market value of Rs. 83.06 billion ($371.1 million), Systems Limited is now the largest business on the Pakistan Stock Exchange (PSX). This...

The State Bank of Pakistan (SBP) refuted "inaccurate and misleading" media allegations that it had withheld payments to Google. The SBP statement follows media claims...